Real Estate Survey Sydney

 Hi People,  It is not easy to purchase a commercial property all by yourself. You need the support and help of a real estate agent and must do a lot of research to identify the best property. You need to have a clear idea of the budget and the funds that can be secured for the purchase. After you have made all the arrangements, find the best property. I found one in Sydney CBD, NSW without any hassles because I knew what I wanted. So, I purchased a whole floor with parking and all the amenities like kitchen, bathroom and meeting rooms. If you are also looking for commercial real estate in Sydney, do read the article shared below. https://www.commercialproperty2sell.com.au/blog/2022/09/the-best-10-commercial-real-estate-in-sydney-.php

 Cautious home buyers are holding back at auction as interest rates jump and the cost of living rises, and new figures show just over half the auctions scheduled in August sold. Despite a modest increase in the auction clearance rate last month as sellers reduced their expectations, fewer than 60 per cent of homes scheduled for auction sold under the hammer. A result below this threshold – the level considered a “balanced market” – points to further price falls ahead. Sydney’s auction clearance rate was 53.8 per cent in August, ticking up from 49.2 per cent in July, Domain figures show. In Melbourne, August’s clearance rate was 56.5 per cent, up from 51.1 per cent the month before. Read More: https://www.smh.com.au/property/news/the-auction-clearance-rate-just-stopped-falling-will-property-prices-follow-20220905-p5bfim.html

 Thousands of eastern Sydney home owners fear higher insurance premiums and lower property values after they were blindsided by a formal notification that their properties are at increased risk of flooding. The backlash to a flood study conducted chiefly by Waverley Council will have implications for councils throughout NSW, who have primary responsibility for managing floodplain development under the state’s flood-prone land policy. Six affected residents who spoke to the Herald all said they were not even aware a flood study had occurred when they received a letter from the council telling them their property had been rated a “medium” risk. Read More: https://www.smh.com.au/national/nsw/sydney-home-owners-fear-premium-hikes-hit-to-property-values-after-shock-flood-rating-20220826-p5bd1m.html

 The days of homes for sale routinely soaring above price guides may be over, but buyers are still wasting time and money on properties they cannot afford as illegal underquoting continues. NSW Fair Trading received 51 underquoting related complaints in the first six months of this year, and issued 40 penalties totalling $88,000. That resulted in a total of 133 complaints and 96 fines last financial year. By comparison, there were 200 complaints and 55 fines over the 2020-21 financial year. Read More: https://www.smh.com.au/property/news/home-buyers-still-being-misled-by-underquoting-despite-falling-prices-20220906-p5bfv7.html